August 6, 2020
Chilean pulp and paper producer Empresas CMPC has signed a sustainability-linked revolving credit facility for $100 million with costs tied to lowering pollution and restoring land, the company's legal adviser, Cleary Gottlieb, said on Wednesday.
BNP Paribas led the syndicated loan with three other lenders, Export Development Canada (EDC), MUFG and SMBC, according to Cleary Gottlieb.
CMPC tied the costs of the loan to environmental, social and governance (ESG) targets that involve reducing green
BNP Paribas leads three other lenders in a $100 mln loan for the Chilean paper company